Senate plans to cut Noynoy’s intel funds By Angie M. Rosales 08/23/2010

WIDESPREAD ABUSE OF CONFIDENTIAL BUDGET Senate plans to cut Noynoy’s intel funds By Angie M. Rosales 08/23/2010 The Senate plans to drastically trim the allocations for intelligence funds in next year’s national budget, that runs in billions of pesos, including a possible reduction in confidential funds allocated yearly for the Office of the President after an ongoing Senate inquiry found that the use of the funds was mostly abused.  Senate President Juan Ponce Enrile said only government offices or agencies obviously needing it will be provided with intelligence funds and the reduction of these will not spare even the Office of the President which is given yearly an average of P500 million appropriation in the budget as “intelligence funds.” “I will talk to the finance committee chairman. They can arrange it,” Enrile said, on the matter concerning the slashing of the item in the budget intended for the Office of the President. The Senate is currently inquiring into the reported excessive salaries and allowances given to certain executives in government-owned and controlled corporations (GOCCs) where some of them exploit the use of intelligence funds to justify huge compensations. Such was the case of the Subic Bay Metropolitan Authority (SBMA) where its administrator, according to a Commission on Audit (CoA) report, was allotted with P5 million intelligence funds..... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100823hed1.html

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